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Sharp posts quarterly loss, but sees sales up 33 percent on mobile LCD demand

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Despite posting a small 15.36 million yen ($182 million) loss, it would be hard to call Sharp's latest Q1 2013 financial quarter anything but a success after last year's $1.2 billion debacle. After gaining investment from companies like Samsung and, more recently, Qualcomm, Sharp saw revenue up 32.6 percent to 607 billion yen ($6.2 billion) on strong LCD demand. In fact, sales of small- and medium-sized panels for smartphones and tablets were up a hefty 54.8 percent over Q1 2012, with its electronics division up 46.6 percent overall. The company thinks it'll hit a net profit for the fiscal year thanks to "high-value" 4K LCD TVs, Aquos phones in Japan and more IGZO displays for upcoming handhelds. If devices like a rumored Retina iPad mini with a Sharp-built display bear fruit, we may just believe it.

Via: TNW
Source: Sharp
In this article: 2013, earnings, financials, LCD, q1, sharp
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